Mar 30, 2020 (The Expresswire) -- eClinical solutions are comprised of electronic health record, electronic consent forms, integrating eTechnologies, electronic data capture and clinical data management systems. eClinical solutions are helping researchers in end-to-end clinical research process providing solution, through proper management of lengthy clinical research process. Advancement in technology and government initiatives raises the market of eClinical solutions. It helps the clinical research organizations with regulatory document management, team collaboration and management of supply chains, site performance management and reporting which is increasing the demand of eClinical solutions in the market in the forecast period. eClinical Solutions Market is projected to register a healthy CAGR of 13.4% in the forecast period of 2019 to 2026.
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MajorPlayers:Global eClinical Solutions Market
Some of the major players operating in global eClinical solutions market are Parexel International Corporation, Oracle, Medidata Solutions, Inc., Veeva Systems, ERT Clinical, eClinical Solutions LLC, IBM Corporation, eClinicalWorks, Bioclinica, ArisGlobal, Advarra, Anju Software, Inc., Bio-Optronics, Inc., DATATRAK Int., ICON plc, MasterControl, Inc., MaxisIT, OmniComm Systems, Inc., RESONANCE HEALTH, The Realtime Group, Signant Health, Xybion Corporation among others.
Drivers:Global eClinical Solutions Market
Increasing adoption of clinical trials
Growing number of contract research organization
Dearth of trained professionals
High implementation cost
Strategic initiative by the market players
Market Trends :
The global eClinical solutions market is segmented into four notable segments which are product, deployment, clinical trial phase and end user.
On the basis of product, the market is segmented into electronic data capture (EDC) and clinical data management systems (CDMS), randomization and trial supply management (RTSM), clinical trial management systems (CTMS), electronic clinical outcome assessment (ECOA), electronic trial master file systems, safety solutions, regulatory information management solutions, clinical data integration platforms and other eClinical solutions. In 2019, electronic data capture (EDC) and clinical data management systems (CDMS) segment is expected to dominate the market with largest market share because these are mostly used after the clinical trials are done. This is due to high number of conducting trails, high demand for eDiaries and clinical studies. Due to these EDC and CDMS product segment is growing and the number of trials are captured in the solution and kept for further examinations.
On the basis of deployment, the market is segmented web-hosted (on-demand) solutions, cloud-based (SaaS) solutions and licensed enterprise (on-premise) solutions.
On the basis clinical trial phase, the market is segmented into Phase I, Phase II, Phase III and Phase IV. In 2019, Phase III segment is expected to dominate the market with largest market share as eClinical solutions phases are most crucial part and phase III accounts for the major portion as the clinical trials are mostly tested in the phase III and once they are cleared for this phase they are headed to further phase and then FDA approvals.
On the basis of end user, the market is segmented into hospital/healthcare provider, contract research organizations (CROS), pharma and biotech organizations, medical device manufacturers, consulting service companies, academic institutes.